Extracted from Rachef's records are the following account balances. These accounts balances will be used to prepare the staternerte of

financial position

pante E$35\mathrm{.}000$

Prepaid rent $5000$

Beitidings $300,000$

Trade payables $($creditors$)80,000$

Unearned Revenue $20,000$

Taxes payable within one year $60,000$

Trade receivables $220,000$

Plant and equipment $120,000$

Closing balance of Inventory $240,000$

Opening balance of Inventory $80,000$

What is the amount of total current liabilities?

$200,000$